February 4, 2014

Market outlook

Markets take support around 6000 levels. Holding today's lows will be bullish for next few days as nifty may have a technical pullback/ relief rally to 6200 levels (gap).

Note that character of market is changing from buy on dips to sell on rise.

Option writing points to increasing support at 6000/ 5900 levels and resistance at 6200.

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